Single-Unit Industrial
For Sale
Contact for pricing
8516 W Reno Ave, Oklahoma City, OK 73127
I-2 zoning designates the property for moderate industrial use in Oklahoma City.
Property Size10,250 SF
Price / SF$74.15
Days on Market8
Property Features for 8516 W Reno Ave
General Information
Standard status
Active
Size
10,250 SF
Property subtype
Industrial
Zoning
I-2 - moderate industrial
Building Details
Year Built
1980
Year Renovated
2024
Buildings
1
Units
1
Building Size
10,250 SF
Listing Agency:
LaGree Associates
(405) 596-2046
Listed By:
Daniel Pellow · License #OK 176211
Source:
Crexi
Added: Aug 10
Changed: Aug 16
Last Checked: Aug 16 at 1:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LaGree Associates
Investment Insights
Based on property information with market context.
This single-unit warehouse property includes a 10,250 SF building constructed in 1980 and updated in 2024. The improvements provide an established industrial facility with a current update supporting continued warehouse or industrial use.
Located at 8516 W. Reno Ave in Oklahoma City, the property carries I-2 zoning, designated for moderate industrial use. Its defined building configuration and industrial zoning create a straightforward profile for warehouse and distribution operations.
Located at 8516 W. Reno Ave in Oklahoma City, the property carries I-2 zoning, designated for moderate industrial use. Its defined building configuration and industrial zoning create a straightforward profile for warehouse and distribution operations.
Key Highlights
- 10,250 SF warehouse building
- Single‑unit configuration
- Built in 1980
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$62,315
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.20%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,246,300
$1.2M
Cap Rate 7%
$890,214
$890.2K
Cap Rate 9%
$692,389
$692.4K
Market Conditions
NOI Build-Up for 10,250 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$92.3K $9.00/SF
− Vacancy
−$3.2K −$0.32/SF
EGI
$89.0K $8.69/SF
− OpEx
−$26.7K −$2.61/SF
NOI
$62.3K $6.08/SF
Area
Oklahoma City, OK
Vacancy
3.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,246,300
Cap Rate 7%
$890,214
Cap Rate 9%
$692,389
Alternative Uses
Best Use
Warehouse
$1.16M
$1.01M – $1.35M
NOI $81,131 @ 7.0% cap · market cap 10.68%
Second Best
Industrial
$890.2K
$778.9K – $1.04M
NOI $62,315 @ 7.0% cap · market cap 8.20%
Theoretical Best
Specialty Retail
$3.51M
$3.07M – $4.09M
NOI $245,385 @ 7.0% cap · market cap 32.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
339
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73127, OK
27,007
Population
11,329
Households
2.4
Avg Household Size
32
Median Age
16%
College-Educated
76%
High-School Grad
11.3 sq mi
ZIP Area
2,390
Density / Sq Mi
$46,020
Median Household Income
$28,766
Median Earnings
$926
Median Rent
$139,200
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - I-2 zoning designates the property for moderate industrial use in Oklahoma City.
Where is this warehouse located?
The property is located at 8516 W Reno Ave Oklahoma City, OK.
What is the asking price?
The asking price for this property is $760,000.
What are key features of this property?
This property features: 10,250 SF warehouse building; Single‑unit configuration; Built in 1980
